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Senate confirms Wall Street critic for Treasury Department post

By Richard Cowan and Jason Lange WASHINGTON (Reuters) – The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations. The Senate approved the nomination…

Treasury Department: Legally-married same sex couples qualify to file joint taxes regardless of their state

The US government on Thursday announced that legally married gay couples will be treated the same as married couples for federal tax purposes. The decision applies to legally married same-sex couples whether they live in a state that recognizes the marriage or not, the US Treasury Department and the Internal…

U.S. to hit debt limit early January: Treasury

WASHINGTON — The US government will hit its debt limit in the first week of January, the Treasury Department said on Tuesday, as it pointed to an imminent request for $1.2 trillion increase. The government is expected to come within $100 billion of the current $15.2 trillion ceiling by the…

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